Joseph Barry (real estate developer)

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Joseph Barry
Born 1940 (age 73–74)
Residence Peapack-Gladstone, New Jersey
Nationality United States
Ethnicity Jewish
Education B.A. Rutgers University
J.D. Rutgers Law School
Occupation real estate developer
Known for --co-founder of Applied Housing Companies
--founder of the Hudson Reporter
Spouse(s) Gail Barry
Children David Barry
Michael Barry
Lisa Barry Fleisher
Parents Marion and Walter Barry

Joseph Barry (born 1940) is an American real estate developer and co-founder of the Applied Housing Companies and founder of the Hudson Reporter newspaper chain.[1]

Biography[edit]

Barry was born in 1940 to a Jewish family[2] in New Jersey and raised in Newark,[3] the son of Marion and Walter Barry.[2] His father was a union organizer for the United Electrical Workers[4] who started to develop low income housing in Newark after the 1967 Newark riots.[5] Barry earned a B.A. In English from Rutgers University and graduated first in his class from Rutgers Law School.[1] He served as a clerk to the United States Court of Appeals for the Third Circuit.[6] In the 1960s, he was associated with the left-wing Students for Democratic Society.[4] In 1970, Barry and his father founded the Applied Housing Company.[2][7] In 1971, Hoboken designated Applied Housing as their exclusive developer of Section 8 housing tasked with rehabilitating deteriorated buildings into affordable housing.[4] Applied focused on renovating the existing housing stock rather than clearance and rebuild; they also believed in careful maintenance and management thereafter to preserve the stock.[5] During the 1970s, Applied built and renovated thousands of units of affordable housing throughout New Jersey with a concentration in Hoboken, North Bergen, and Bayonne.[1][2] The firm was given a great deal of credit for Hoboken's rebirth.[2] In 1979, his father retired and Joseph Barry became president.[2] He re-focused the company on constructing market-rate and luxury housing with a particular concentration on the Hoboken and Jersey City waterfronts[2] including the $150 million, 1,160-unit Shipyard Development Project on Hoboken's waterfront; the 1,650 unit waterfront condominium community Port Liberté in Jersey City; and the 42-story luxury Palisades rental residence in Fort Lee, New Jersey.[1] In 2001, Barry pleaded guilty to making five cash payments totaling $114,900 to former County Executive Robert Janiszewski to secure state and federal funding for the Shipyard project.[1] Barry resigned from Applied Housing and handed the management[1] of the now $108 million in sales company[6] over to his two sons.[1] Admitting guilt, Barry stated: "I made a terrible mistake. I take responsibility for it, and will get on with my life."[1] Barry was sentenced to 25 months in federal prison, ordered to make $1 million in restitution payments, and fined $20,000.[8] By 2004, Applied was the largest developer in Hoboken.[1]

In 1983, Barry also founded the Hudson Reporter newspaper chain.[1] He established Reporter newspapers in six other Hudson County towns: Jersey City, Weehawken, Secaucus, Union City, West New York and North Bergen.[4] In 1999, he sold his share in the chain to minority partners and co-publishers David Unger and Lucha Malato.[1] Despite being semi-retired, Barry remains committed to the urban redevelopment volunteering his time via his LinX Redevelopment company to rebuilding New Jersey's run-down cities[3] with his latest focus on Passaic, New Jersey.[9]

Personal life[edit]

Barry was married to Gail H. Barry and in Peapack-Gladstone.[2] They had three children: David Barry, Michael Barry, and Lisa Barry Fleisher who continue to run the company[2] and its sister company, the Ironstate Development Company.[10][11]

References[edit]

External links[edit]